Funded Startups in Maryland
Disclosed round sizes in Maryland skew heavily toward a few very large financings.
Disclosed round sizes in Maryland skew heavily toward a few very large financings. The largest disclosed amount is XENERGY’s $700M Series D on 2025-11-27, which dwarfs the next-largest disclosed rounds in this view, including TeraWulf’s $850M (actually higher than XENERGY) on 2025-08-18 and IonQ’s $1.0B on 2025-07-07; outside of these, many rounds sit in the hundreds of thousands to tens of millions (for example, Astek Diagnostics at $500K on 2025-06-17 and BTE Technologies at $40K on 2025-02-19). The smallest disclosed amount is $30K for Forager Station (Pre-Seed) on 2025-05-20.
Rounds also cluster by time and theme. The 50 rows span 2025-02-19 through 2025-11-27, and “Series Unknown” appears in 24 of 50 rows while “undisclosed” amounts appear in 10 of 50 rows. By sector, Biotechnology is the most common (14 of 50 rows), and many biotech financings fall in mid-2025, including REGENXBIO ($150M on 2025-05-19) and Remedy Plan Therapeutics ($18M on 2025-05-13). Geography shows repeated concentration around Rockville, Baltimore, and Bethesda, with multiple multi-round appearances across the listed months.
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Frequently asked
Which disclosed round is the clearest outlier in this Maryland set, and how far above the rest is it?
The largest disclosed amount is IonQ’s $1.0B on 2025-07-07, which is in the same disclosed range as HASI’s $1.0B on 2025-06-12 and above other large financings like TeraWulf’s $850M (2025-08-18) and XENERGY’s $700M (2025-11-27). Outside this top tier, several rounds are far lower (for example, $30K for Forager Station on 2025-05-20 and $40K for BTE Technologies on 2025-02-19).
Do recent rounds cluster within a narrow window across the 50 rows?
Yes. The listing spans 2025-02-19 to 2025-11-27, and a large share of the entries land in the mid-year period, such as multiple May and June rounds including Qualytics ($10M on 2025-06-23) and Employee Navigator ($100M on 2025-08-04). The most recent dated entry in the rows is XENERGY on 2025-11-27.
Are “Series Unknown” and “undisclosed” common enough to affect how stages should be interpreted here?
They are. “Series Unknown” appears in 24 of 50 rows, and “undisclosed” amounts appear in 10 of 50 rows (for example, Theradaptive on 2025-08-26 and HeartSmiles on 2025-08-20). Several large-topic sectors still show many missing classifications, so stage inference from labels alone is limited in this view.
Which sector dominates the Maryland list, and what do the surrounding amounts look like?
Biotechnology is the largest sector concentration with 14 of 50 rows, including high-disclosed outliers such as REGENXBIO’s $150M on 2025-05-19 and smaller checks like Astek Diagnostics at $500K on 2025-06-17. Other sectors appear less frequently, with Energy showing large rounds such as TeraWulf ($850M on 2025-08-18) and Sunraycer ($200M on 2025-03-06).
Do any cities repeatedly appear across different companies and months?
Yes, the list repeatedly includes Rockville, Baltimore, and Bethesda addresses. Examples include Rockville companies across time such as XENERGY (2025-11-27), PediaMetrix (2025-08-23), and REGENXBIO (2025-05-19), plus multiple Baltimore entries like IonQ’s $1.0B at College Park (2025-07-07) contrasted with Baltimore-based financings including Somnair ($4M on 2025-07-07) and Seraxis’ undisclosed round (2025-05-13 is Germantown, but Baltimore appears again with multiple dated biotech/health entries like Irazu Oncology on 2025-03-05).
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